Page 22 - கம்போஸ்டெலா பள்ளத்தாக்கு மாகாணம் News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Exclusive: Tampakan, other giant mines could strike gold in wake of Duterte s new order
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BusinessWorld
April 19, 2021 | 12:33 am
By
Reporter
THE Philippines is expecting about $4 billion in capital investments from three major mining projects, after President Rodrigo R. Duterte lifted last week the nine-year moratorium on new mineral agreements.
If the projects of Sagittarius Mines, Inc., KingKing Mining Corp., and Silangan Mindanao Mining Co., Inc. “are any indication, we are looking at over $4 billion in capital expenditure,” Presidential Spokesperson Herminio “Harry” L. Roque, Jr. told
BusinessWorld in a Viber message.
Mr. Duterte on April 14 signed Executive Order (EO) No. 130, which allows the government to enter into new mineral agreements and review existing mining deals for possible renegotiation.
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